Despite many central banks lowering interest rates toward zero, and planning quantitative easing while flooding the markets with money, experts interviewed by CNBC see recession taking its toll and predict years of disinflation.
A Decade of Disinflation
Disinflation is probably what we will be looking at over the next decade or so, says Robert Kessler, founder & CEO at The Kessler Companies. He tells CNBC that is why he believes treasuries are in a long-term bull market.
Are We Headed for Inflation?